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Emerging Markets

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African mobile payment provider prepares to list, seeking large valuation
Deep breath for market as more guidance, more mandates appear
Secondary market selling of private bonds may be wreaking havoc with the primary market for public debt but the trades were still the right thing to do

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  • CEE
    Magnitogorsk Iron and Steel Works, the second largest steel producer in Russia is embarking on a roadshow for a dollar benchmark five year bond — its first for 16 years.
  • CEE
    Russian borrowers are making their presence felt in international capital markets. Two syndicated loans are expected to close this week, as well as a bond from a steel manufacturer. The sovereign is also eyeing up the the primary bond market, but the threat of further US sanctions still looms.
  • JH Educational Technology will hit the road for its Hong Kong Stock Exchange listing after it completes investor education this Friday.
  • Chinese online tutorial platform GSX Techedu is fully covered for its listing on the New York Stock Exchange.
  • The International Federation of Red Cross and Red Crescent Societies (IFRC) plans to issue a sukuk as part of its fundraising for a water, sanitation and hygiene programme.
  • Crédit Agricole has hired a former Barclays DCM banker for its corporate DCM desk.